Float Turnover Channel Moving Average Suggestion

[mike_scott]

The v11 Float Turnover Channel study currently allows channel lines to be drawn. The Middle line is the midpoint of the right side of the float turnover box. As a suggestion is would be nice to know the average price paid for all of the shares that turned over in the float box. This would give us a good idea if the average portfolio is currently above or below water. That line might be a better indicator of support and restance than the current Middle line.

This suggestion then would create an adaptive moving average tracking the average price over the float and it would seem trivial to implement.